Hi Everyone, I have been running a popular thread in the Trade Journals forum ( same title) , and this might be a more suitable place for it. I do my own unique version of a strong weak analysis where I identify the strongest down to the weakest of the 8 major currencies, the idea being to match the strongest with the weakest and trade that pair. Combining this with good technical analysis and trading in the direction of the trend has lead me to consistent profits over the last 3 years. Thi…

Dennis publish his daily after the NY close.

Daily forex publish it once weekly on sunday in the forex academy newsletter.

Barchart.com had a good opinion page for almost everything including the $DXY.

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Please, read the whole thread as there is some good input across various members toward the bottom.

US Dollar quality marker In the event that you drop USD Strength straightforwardly over RSI, It will end up astonishing pointer In the event that you drop on diagram or at place other than RSI, it will appear yet it is smarter to initially embed RSI and afterward from Navigator simplified USD quality marker specifically over the RSI.

I like using the CCI over the RSI. As oscillators they will yield similar results how the CCI is not bounded as is the RSI. This tends to work well trading the return to the mean from the 2% deviation signal.

I don’t need much of an indicator to know that the market is poised waiting for direction.
The DXY has passed a 7.5 weighted alpha and just hit the 97.00 resistance zone.

If you trade the USD crosses you might want to think about getting some Stop orders on, then kick back and wait. Last time we had this even setup it took about 14 days for the price action to drop out of a very narrow channel.

To sum it all up, forex traders use the USDX as a key indicator for the direction of the USD. Always keep in mind the position of the USD in the pair you are trading. For example, if the USDX is strengthening and rising, and you are trading EUR/USD, a strong USD will show a downtrend on the EUR/USD chart.